dzivi

Former Senate Staffer, served as special counsel to FCIC, currently private practice

Peace for Ukraine; Justice for War Criminals!

[dzivi @bdzivi]

The disintegration of the GOP as a party begins today, and will be accelerated by tomorrow's fascist antics.

The GOP is going to go the way of the Whigs as Trump torments them for years, whipping the primary electorate into a frenzy nominating asshats who cant win.

[dzivi @bdzivi]

@mattyglesias The "rest of France" is poor? Siri, show me how to say you've never spent any time in Lyon, without saying you've never spent any time in Lyon. If Lyon is "poor", sign me up for my monk like vows of poverty. The most affordable metro area in Europe is a delight to the senses.

[dzivi @bdzivi]

@nntaleb If by "interesting", you mean "what a load of crap", then sure. That is not a description of someone who has reached a personal conviction that any theism holding the universe is controlled by something supernatural, is unfounded in reality.

[dzivi @bdzivi]

@DaltonJ_Johnson Looney?

[Cassandra Unchained @michaeljburry]

The AI narrative is nothing more than mass addiction.

[Matthew McConaughey @McConaughey]

bets still on the table America, yet.

[Otavio (Tavi) Costa @TaviCosta]

Foreign government ownership of US Treasuries just reached the lowest share in history.

The world isn't keeping up with America's exploding debt issuance.

That may prove to be one of the most important monetary shifts of our time.

None of us own enough hard assets.

https://t.co/zMqC02gdzo

[Massimo @Rainmaker1973]

The oldest hotel in the world is The Nishiyama Onsen Keiunkan in Japan and has been in business since 705 AD.

The crazy thing is that it’s still a family business. For 52 generations.

[dzivi @bdzivi]

@PranavSriraman Butler, Melton and Porzingis would not be part of the Rich Paul super cluster if LeBron pulls the trigger on this and makes it happen.

[dzivi @bdzivi]

@DraymondShow The ultimate team player has made a sacrifice to allow the team to try and assemble a roster which can make one last run, one more ring. Dray for the win!

[dzivi @bdzivi]

@POK252 Post!

[dzivi @bdzivi]

@BontaHill Calabria sausage and Castelvetrano olives would be my guess

[dzivi @bdzivi]

@TheWarriorsTalk 42

[dzivi @bdzivi]

@colbyLsmith @nytimes I was part of the Senate staff, and Rick Carnell was the senior staffer and drafter of that statutory provision (and later distinguished professor), if implemented would have stopped or reduced the 2023 crisis. But GREENSPAN DID NOTHING. That is his legacy. Its all there./end/

[dzivi @bdzivi]

@colbyLsmith @nytimes Based on a clear historical record, Greenspan's activities (before and during his Fed tenure) GREATLY increased the cost of 3 bank failure eras-- S&L crisis, 07-08 mtg crisis and the 2023 runs at banks with uninsured deposits and interest rate risk./1/

[dzivi @bdzivi]

@colbyLsmith @nytimes In the early 90s Congress had MANDATED that the Fed (and other bank regulators) adopt an interest rate risk component as part of their risk based standards. It was MANDATORY. After delaying for several years, the Fed said nope, we don't think the benefit is worth the burden./10/

[dzivi @bdzivi]

@colbyLsmith @nytimes Then there are the 2023 blow ups, lead by Silicon Valley Bank and FRB. Both had taken massive interest rate gambles, and when rates moved up, they (and the entire banking industry) lost a massive amount on a mark to market basis compared to their capital. That was avoidable/9/

[dzivi @bdzivi]

@colbyLsmith @nytimes Greenspan at the Fed had approved Citi's acquisition by Travelers, which was against the law at the time and needed a statutory amendment. OCC senior staff said that the Wall Street traders infected Citi with low standa/rds (I know because as FCIC counsel, I asked the OCC)./8/

[dzivi @bdzivi]

@colbyLsmith @nytimes While small bank examiners review their major credit exposure, at mega banks the Fed relies on the banks own internal risk reports. Greenspan claims doing nothing meant he had no blame. Thats a Sgt Schultz (Hogan Heros) defense, I know nothing, I saw nothing, I did nothing/7/

[dzivi @bdzivi]

@colbyLsmith @nytimes Citigroup was a poster child for reckless behavior during the mtg crisis. At Citi, its staff in the Internal Audit and Risk departments was above 10,000 people. How many watchers were there at the NY Fed? A few dozen. They had ZERO ability to do independent analysis./6/

[dzivi @bdzivi]

@colbyLsmith @nytimes The 07-08 crisis, and his lack of action to curb the massive abuses of subprime lending has at least made it in to the realm of public debate. But he gets off too light because it is not discussed how the Fed, by standing still, let the big banks completely outgun them./5/

[dzivi @bdzivi]

@colbyLsmith @nytimes Lincoln was a complete fraud, and engaged in multiple crimes, along with its professional advisors, and failed in April 1989. Many years after FHLBSF had recommended it be closed. It remains one of the 10 most expensive bank/S&L failures in US history.